Daily Markets Briefing: STI down 2.12%

Expect muted gains today.

The Straits Times Index (STI) ended 74.53 points or 2.12% lower to 3443.95, taking the year-to-date performance to +1.21%.

The top active stocks were DBS, which declined 3.16%, Singtel, which declined 1.50%, UOB, which declined 3.18%, OCBC Bank, which declined 3.00% and Venture, with a 2.13% fall.

The FTSE ST Mid Cap Index declined 0.98%, whilst the FTSE ST Small Cap Index declined 1.15%.

OCBC Investment Research noted that US stocks rose sharply, rebounding from the previous day’s rout, as energy shares bounced back amidst a rally for oil prices and worries over Italy’s political crisis faded.

All eleven S&P 500 industries ended higher, led by Energy (3.11%) and Financials (1.94%).

"The rebound on Wall Street overnight might allay some fears and worries over the impact of Italy’s political crisis in the local sentiment, shifting attention to China trade tensions," OIR said.

Reaching the people who run Asia's businesses is harder than it used to be.

Inboxes are crowded. Attention is short. The executives you most want to reach — the founders, CFOs, and operators who actually move budgets — are the hardest to find through the usual channels. If you're building a company, a category, or a reputation, you already know this.

We've spent twenty years building the room they read. Singapore Business Review is where senior decision makers in Singapore and across Southeast Asia come for business coverage they can't get elsewhere — in print, online, and in person at the summits and roundtables we host across seven markets.

If you have something these readers should know about — a point of view worth publishing, a product worth their attention, an event worth their time — we'd like to hear what you're trying to do.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia